REIT LaSalle acquires Portland's Heathman Hotel

One of Portland's more well-known hotels has a new owner. Bethesda, Md.-based REIT LaSalle Hotel Properties has acquired the Heathman Hotel, reports the Portland Business Journal, which adds that long-time GM Chris Erickson, who had been at the property since 2006, and DOSM Stephen Galvan were subsequently let go.

Erickson is reportedly also chair of the Travel Portland Board of Directors, serves on the Oregon Tourisim Commission and is a commissioner on the Metropolitan Exposition Recreation Commission.

A purchase price was not disclosed.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

London-based Taylor-Clark was the seller, and announced in September it's intention to sell the 150-room, 10-story hotel at 1001 S.W. Broadway, along with the 91-room Heathman Hotel Kirkland in Seattle.

LaSalle Hotel Properties owns 44 hotels, according to its website.

Suggested Articles

The luxury goods company is set to acquire Tiffany & Co. in a deal worth $16.2 billion.

DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum.